Kalshi becomes CNN’s official prediction markets partner

Kalshi, a prediction market platform, has partnered with CNN as the network’s official partner. Through this deal, CNN’s newsroom will utilize Kalshi’s real-time market data to inform its insights into key areas, including politics, the economy, and major cultural events.

The idea, Kalshi claimed in a statement, is that forecasting market information would be a “powerful complement” to CNN’s reporting. It added, “Journalists can more easily surface credible information to their audiences about the real-time probabilities of future cultural and political events.”

Kalshi says it hopes to provide accurate, real-time data to reporters and audiences

CNN noted that its chief data analyst, Harry Enten, will manage and implement the integration of Kalshi data across programming, and a new Kalshi-powered ticker will be used throughout segments with inputs from the platform.

Kalshi also asserted that the goal of the partnership is to provide audiences with accurate, real-time signals on emerging market trends. The platform has already established itself as a trusted source for journalists, political figures, and both Wall Street and Main Street. Quite recently, it accurately predicted the NYC Mayoral race only eight minutes after the polls closed.

Kalshi’s CEO, Tarek Mansour, also affirmed that prediction markets offer a fresh perspective on public sentiment. As a result, users are seeking information that is communicated through price changes rather than speculation, he said, adding that his platform is transitioning from debate and opinion to market-based accuracy.

Kalshi’s weekly volumes have surpassed $1 billion

The platform posted $4.54 billion in trading activity in November, as opposed to $4.49 billion in October, according to Token Terminal data. Its weekly volume also rose above $1 billion, reflecting a more than 1,000% increase since 2024.

Its nearest competitor, Polymarket, logged $3.76 billion in November after a total of $3 billion in October. Kalshi also secured $1 billion of Series E funding from Paradigm, along with funding from Sequoia Capital, Andreessen Horowitz, and ARK Invest, which helped lift its valuation beyond the $5 billion mark it set in October.

However, the prediction platform is still dealing with a nationwide class action lawsuit. The company was accused of acting as an unlicensed sportsbook and exaggerating advantages over traditional betting markets, in violation of Massachusetts state gambling laws.